Settings8H · net · $10k
Funding arb · Price arb /

SOON

all SOON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0519%/8h= −56.9% APRpaid last 24h −0.953%
Price spread now: Extended against Variational Omni+0.480%7-day average +0.398% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−1.104%−$110 on $10k
Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.480%, 7d avg +0.398%
Together, before fees−1.263%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$126 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.082% dearer against Variational Omni than usual: you sell high and buy low (spread +0.480% now, against its 7-day average of +0.398%): +$8 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 13 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni SOON0.19240.0663pay 0.0332% / 4h1h 28m$238K$20K
ShortExtended SOON-USD0.19330.0144get 0.0018% / 1h28m 53s$6K$184K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$109.07
Price spread: +0.480% → +0.398%
$8.25
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$105.83
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 18 min ago; Extended: live order book, 14 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 18 min ago12.92 bpdoesn't fit472.7 bp −$4,727doesn't fitdoesn't fit
Sell Extended live order book, 14 min ago10.80 bp25.0 bp −$25doesn't fitdoesn't fitdoesn't fit

SOON on 11 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SOONUSDT+0.0100%4h0.1924+0.023%$2.6M$1.2M25xas long as short
OKX SOON-USDT-SWAP+0.0100%4h0.1933+0.491%$1.9M$533K20xas long as short
KuCoin SOONUSDTM+0.0100%4h0.1934+0.549%$1.8M$3.7M50xas long as short
Binance SOONUSDT+0.0143%4h0.1934+0.527%$7.9M$1.9M50xas long as short
Extended SOON-USDshort+0.0144%1h0.1933+0.480%$6K$184K5x
Gate SOON_USDT+0.0444%4h0.1930+0.335%$3.2M$158K50xas long as short
Variational Omni SOONlong+0.0663%4h0.1924long leg$238K$20K
Aster SOONUSDT+0.0734%4h0.1933+0.509%$188K$4K5xas long as short
Bitget SOONUSDT+0.0770%4h0.1931+0.387%$9.1M$319K25xas long as short
BingX SOON-USDT+0.0776%4h0.1930+0.335%$6.7Mas long as short
Show all 11 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SOONUSD+0.1135%1h0.1927+0.173%$10K$2K10xas long as short